Top 2 real estate stocks likely to fall off a cliff in the fourth quarter
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As of October 16, 2024, two stocks in the real estate sector could be sounding a real warning to investors who value momentum as a key criterion in their trading decisions.
RSI is a momentum indicator that compares a stock’s strength on days when its price increases to its strength on days when its price decreases. Comparing it to a stock’s price movement gives traders a more accurate picture of a stock’s short-term performance. According to Benzinga Pro, an asset is typically considered overbought when the RSI is above 70.
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Here is an updated list of the leading overbought stocks in this sector.
Kilroy Realty Corporation (NYSE:KRC)
Kilroy Realty is scheduled to report its third quarter 2024 financial results after the closing bell on Monday, October 28th. The company’s stock price has risen about 11% over the past five days, hitting a 52-week high of $43.37.
RSI value: 72.10
KRC Price Action: Kilroy Realty stock traded up 3.2% on Wednesday at $41.40.
Trend: Investing in private credit can outperform publicly traded REITs, and you only need $100 to get started.
Douglas Emmett, Inc. (NYSE:DEI)
Douglas Emmett announced that the company will announce its 2024 third-quarter financial results after the closing bell on Monday, November 4th. The company’s shares have risen about 11% in the past month, hitting a 52-week high of $18.78.
RSI value: 73.78
DEI Price Action: Douglas Emmett stock traded up 2.3% on Wednesday at $18.78.
Is the yield better than some REITs?
Your best real estate opportunities may not be on the open market. The current interest rate environment creates an excellent opportunity for income-seeking investors to earn huge yields, but not through publicly traded REITs.
Alived Homes, the investment platform backed by Jeff Bezos, has launched a private credit fund. It provides investors with access to a pool of short-term loans backed by residential real estate with a target net annual yield of 7% to 9% paid monthly. In August, it was 8.1%. The best part? Unlike other private credit funds, this fund has a minimum investment of just $100.
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This article originally appeared on Benzinga.com.
